The Government has set out its legislative agenda for the next year with bills on deregulation, pensions and long-term care funding in today’s Queen’s speech.
At the state opening of parliament, the Queen said her Government will build a stronger economy and a fairer society that will prioritise increasing Britain’s competitiveness and reducing the deficit.
In January, the Government published a draft bill outlining plans for a flat rate state pension of £144 and the end of contracting-out due to come into force in April 2016. In March, it also revealed plans to cap long-term care funding costs at £72,000 from April 2016.
The Government will also push ahead with its Help to Buy mortgage scheme in January 2014 that will offer guarantees to lenders allowing borrowers to buy homes with a 5 per cent deposit.
The Queen said: “New arrangements will be put in place to help more people own their own home, with Government support provided for mortgages and deposits.
“My Government is committed to supporting people who have saved for retirement.
“Legislation will be introduced to reform the way long-term care is paid for, to ensure the elderly do not have to sell their homes to meet their care bills.
“My Government will bring forward legislation to create a simpler state pension system that encourages saving and provides more help to those who have spent years caring for children.”
The Government will publish a consumer rights bill to protect vulnerable customers such as tenants and energy consumers, while businesses are promised a de-regulation bill.
The Queen said: “A bill will be introduced to reduce the burden of excessive regulation on businesses. A further bill will make it easier for businesses to protect their intellectual property.
“A draft bill will be published establishing a simple set of consumer rights to promote competitive markets and growth.”